PROPERTY NOW UNDER OFFER
Fully let mixed use investment opportunity.
Attractive Grade-B listed sandstone townhouse.
100% rates relief should any floors become vacant.
Estimated NIA of 449.55 sq.m (4,839 sq.ft).
Offering a variety of asset management angles.
Total passing rent of £45,915 per annum.
Offers are invited in excess of £500,000.
Representing a net initial yield of 8.80%.
Location
The property is situated in a corner position on the north side of Bath Street at its junction with Douglas Street, within the central business district of Glasgow City Centre. The property benefits from being in close proximity to a number of hotels, cafes, coffee shops, bars, restaurants and the popular Sauchiehall Street retail parade.
The property is within walking distance of the main city centre transport links provided by Glasgow Queen Street
and Glasgow Central Railway Stations and Buchanan Street Subway Station. There are also numerous bus routes linking the city centre with the wider West of Scotland region. In addition, motorway links are easily accessed from Junctions 17, 18 and 19 of the M8 motorway, which provides access to Glasgow Airport to the west and Edinburgh to the east.
In addition to on street car parking, there are number of multi storey car parks within close proximity.
Accommodation
The property forms a corner townhouse building of traditional blonde sandstone construction beneath a flat roof. The building is arranged over lower ground, ground, first, second and third floor levels, offering a total of five storeys.
The main pedestrian access to the building is taken via a stone staircase from pavement level to an elevated entrance doorway to the ground floor reception area. There is a separate entrance offered to the lower ground floor accessed via a staircase down from pavement level. The ground floor café premises benefits from an access door direct from Douglas Street.
Period features such as ceiling cornicing and centre roses remain throughout the building.
Terms
SALE TERMS
Offers are invited in excess of £500,000 for our client’s heritable interest in the property, which reflects an attractive net initial yield of 8.80% after allowing for standard purchasers costs of 4.35%.
Parties should notify DM Hall of their interest in order to be kept informed of any future closing date.
VAT
All prices, rents and figures are quoted exclusive of VAT, where applicable.